As a small business owner, you may think you are too insignificant to ever be on a cybercriminal’s radar. The truth, however, is that in today’s digital world, all businesses can be a target, not only large ones, so believing that it won’t happen to you can only leave you vulnerable to attacks.
It’s understandable that your main priority as a small business is to focus on maintaining profits or your growth. There are many tasks that you need to pay attention to, from managing employees and expanding your customer base to controlling costs, and since you have a lot on your plate, cybersecurity can often fall to the bottom of the to-do list.
However, you risk facing lasting consequences if you don’t prioritize keeping your business secure. You never know when a disaster will strike unexpectedly, jeopardizing all your hard work and the future you’ve envisioned for your small business.
It can be such a nightmare when this happens. Unfortunately, it happens often, leading to operational disruptions, financial losses, and loss of customer trust – and the truth is that it can be very hard to overcome such setbacks. Instead of having a “it won’t happen to me” mentality, taking the necessary steps to protect your small business is essential.
If you don’t know where to begin when it comes to strengthening cybersecurity, you’ve come to the right place. In this blog, we will offer 5 tips on navigating cybersecurity challenges and keeping your business safe. Read on!
Educate employees
Did you know that around 90% of data breaches happen due to human error? That’s right – your employees are one of the biggest risks when it comes to cybersecurity, so if you want to safeguard your operations and data, you should begin by improving their awareness of cybersecurity challenges and solutions. Begin by assessing what your security culture currently looks like it could be great, terrible, or somewhere in the middle, and once you understand where you’re at, you can start developing solutions to educate employees about it.
Consider investing in cybersecurity training for your staff, such as teaching them how to recognize phishing emails and developing clear policies on how to manage and protect customer and business data. You may also want to send regular reminders to employees not to open attachments or click on links they receive from unknown individuals.
Use MFA
More than 99% of compromised accounts don’t use multi-factor authentication, and this is a big mistake because it makes them vulnerable to brute-force and phishing attacks. MFA is an excellent way to strengthen your small business’s cybersecurity, protecting accounts from bad actors and offering significant security benefits.
Implementing MFA will protect against external threats and safeguard your small business against insider attacks, which often happen when employee credentials are compromised. MFA requires extra verification factors, helping ensure that even if an employee’s password is compromised, the attacker cannot access sensitive data anyway. For a small business, MFA can be a valuable tool that adds an extra layer of security, reducing considerably the risk of data breaches, protecting sensitive data, and providing business continuity.
Monitor, identify, and respond to cyber threats
Looking for potential threats, spotting them, and taking the necessary steps to reduce or stop the damage is the centerpiece of cybersecurity. The truth is that cyber-attacks never stop, and your cybersecurity efforts shouldn’t stop, either, as this constant vigilance will help you catch threats before they become catastrophes with lasting consequences on your operations. However, as a small business, we know that it can be challenging to monitor and identify potential threats, as there are other things that you need to focus on. That’s where cybersecurity services can help.
Cybersecurity services are part of managed IT services, bringing in the knowledge and expertise your small venture needs to thrive without significant disruptions. They can help you stay on top of the latest cybersecurity solutions by providing a proactive approach and coming up with a strong cybersecurity plan. Instead of reacting to threats, a cybersecurity service can help you eliminate them before they become an issue that threatens the continuity of your business.
Therefore, if you want to save time and money and ensure your small business runs smoothly, consider looking for a reliable team that can provide top-notch security. It’s a worthwhile investment that will keep your business running smoothly and unharmed by bad actors’ sophisticated attacks.
Keep your systems and software up to date
System exposures and software vulnerabilities can make it easier for cybercriminals to sneak in and compromise your data. As the IT infrastructure evolves, the number of weaknesses that need to be fixed becomes challenging to manage for any business, let alone a small one, as attackers can now employ AI and ML to easily find what’s vulnerable. In this context, it becomes paramount to manage vulnerabilities, which will minimize the probability of exposure to threats and keep your business safe.
First, it’s important to scan continuously to find new vulnerabilities, or the ones you’ve overlooked previously before cybercriminals can find them. Automating vulnerability management is also a good idea, as this will help ensure that the patches will be installed quickly whenever needed.
Have an incident response plan in place
When a cybersecurity incident occurs, any second you waste can affect your business, so you need a response that operates like a well-oiled machine. The truth is that no matter how prepared you are, you could still become a victim of cybercrime, and it’s essential to know what to do in case that happens. A good incident response plan should outline the responsibilities and roles of each person in the company, along with all the steps needed during a breach.
With a well-defined incident response plan in place, you can reduce the damage and duration of a cybersecurity incident, speeding up recovery time and reducing negative publicity, among other things, so it’s essential not to overlook this step.
The bottom line
When your defenses are weak, cyber criminals can easily compromise your data and use it for malicious purposes. This can disrupt your business tremendously and cause customers to lose their trust in you. Luckily, this can be prevented if you take the steps outlined in this blog. Remember, you are by no means too small to face a cyber threat, so adopt a security-first mindset and safeguard your business from evolving attacks.
